Euro Rises, Yen Slides, Hedge Funds Win Again
By: 'Fiscal cliff' worries were not enough to keep risk-sensitive currencies down, and the euro rose. [dailyfx.com]
Japan's incoming prime minister pressed harder on the Bank of Japan to raise its inflation target, and the yen fell. [CNBC]
The New Zealand dollar tumbled Monday as worries about the 'fiscal cliff' impasse were exacerbated by thin holiday trading. [WSJ]
Hedge funds have profited handsomely from the European debt crisis. [NYT]
The yuan weakened late in quiet trading as China's central bank guided it lower. [WSJ]
Iceland may extend its currency controls - again - to prevent a rapid outflow of foreign reserves and devaluation of the krona. [FT]
Risk-sensitive currencies are unbowed by 'fiscal cliff' worries and Japan's incoming prime minister talks tough - it's time for your FX Fix.
